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How to Double Your Income in a Year

Hey, Big V here! Today I’m looking into how to double your income. Yep, you heard that right! How do you go from where you are to double your current income? It’s simpler than you might think, but it starts with a decision and a goal.

Setting Your Double Goal

First things first, decide that you want to double your income. Right now, I want you to take a moment and write down your double goal. Whether you want to go from $50,000 to $100,000, $100,000 to $200,000, or even $200,000 to $400,000, put it out there! The first step to achieving your goals is to announce them to the world. Make that decision today!

Be Specific About Your Goal

Now that you’ve set your double goal, let’s get specific. What number are you aiming for? How many transactions will it take to reach that goal? For example, if you make $10,000 per transaction and want to go from $100,000 to $200,000, you need to increase from 10 to 20 transactions. Write down the number of transaction sides required. Make your goal specific and measurable.

Commit to Listings

The next step is a game-changer: Commit to achieving 100% of your goal through listings. Yes, you heard that right. Even if you currently have a 50/50 split between buyers and sellers, focus on listings. If your goal is 20 houses, aim for 20 listings. On average, you might close about 50% of your listing appointments, so aim for 40 appointments a year. That’s less than one appointment per week!

Doubling Again

Here’s the beauty of the math: If you secure 40 listings and close 50%, that’s 20 listings. For every listing, you typically close 1.5 buy-side transactions, adding up to 60 buy-side deals. So, 20 listings plus 60 buy-side deals equals 80 transactions. You’ve not only doubled… but tripled your goal!

The Roadmap to Success

  1. Identify Opportunities: Look at the market and identify opportunities you’re not currently leveraging. Conduct a SWOT analysis focusing on Opportunities. Are there neighborhoods with high turnover? Are there first-time sellers or baby boomers looking to downsize? Identify your target market.
  2. Strategic Marketing and Branding: Position yourself as an expert in serving your identified market. Your marketing should reflect your expertise and target the right audience.
  3. Operational Efficiency and Scalability: Ensure your systems are robust. Anything you do three times, build a system for it so your team can handle it efficiently. This scalability is key as you grow.
  4. Invest in Quality Talent: Hire skilled individuals who align with your goals. Invest in leadership development and ensure your team is capable and well-trained.

Think Bigger and Act

Most people limit their goals based on their experiences. I believe you can achieve anything you set your mind to in your business and life. Think bigger! If you’re making $100,000, imagine what doubling or even quadrupling that income would look like. How would it change your life? Your decisions? Your travels?

Listing Agent Mastery

To help you on this journey, I’m offering free access to our Seller Listing Mastery (SLAM) program for 30 days. This program will teach you how to find motivated sellers, master the listing process, and automate your systems.

Are you ready to commit to one listing appointment a week and double your income? Take a look at my YouTube channel, and in particular, my 7-minute video on “How to Double Your Income in a Year”, where you can gain access to SLAM and start your journey to Seller Listing Agent Mastery today. Let’s not just double; let’s double again!

I can’t wait to hear about your success!

Picture of Verl Workman

Verl Workman

Verl Workman is an author, speaker, successful entrepreneur, and the co-founder and CEO of Workman Success Systems, a business coaching company that specializes in developing high-performing companies and teams, using his unique approach that focuses on the totality of the team or company, developing leaders at every organizational level. Verl accomplishes this through Predictable Greatness—systems, processes, and procedures (tools, training, and trade secrets) he’s built over years to make Greatness Predictable by focusing on what’s most important and developing greatness-predicting habits. Verl’s greatest success is measured by how he teaches his clients to have balance in their lives as they grow their businesses. For more than 20 years, Verl has led agents, brokers, and teams with enthusiasm, determination, unashamed optimism, and innovative systems that have created Greatness that is truly Predictable, building top producers and real estate millionaires who understand what’s really important in life and real estate.